French carmaker PSA could discuss a merger deal with rival Fiat Chrysler at a meeting of its supervisory board it has called for Tuesday, two sources familiar with the situation told Reuters on Thursday. Peugeot SA...
GM loans $40 million to firm to acquire, retool shuttered Lordstown, Ohio, factory
General Motors Co confirmed on Monday it agreed to loan $40 million (31.2 million pounds) to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio. Lordstown Motors...
M&M buys 36.6% in Meru for Rs 44.71 cr, to appoint majority of directors
Homegrown utility vehicles major Mahindra & Mahindra (M&M) on Thursday said it has completed acquisition of 36.63 per cent stake in Meru Travel Solutions in the first tranche as part of its Rs 201.5-crore deal...
Fiat Chrysler reaches tentative labor deal with United Auto Workers
Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union on Saturday announced a tentative agreement for a four-year labor contract, a boost for the automaker as it works to merge with France’s Groupe PSA...
MG Motor India partners Umicore for recycling batteries of upcoming electric SUV ZS EV
MG Motor India on Friday said it has partnered with battery life-cycle management firm Umicore for recycling end-of-life batteries of its upcoming electric SUV ZS EV. The partnership will allow end-of-life ZS EV...
Renault-Nissan to reboot alliance with new overseer
Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn. France’s...
PSA says China’s Baoneng potential buyer for its 50% Capsa stake
Chinese group Baoneng is on a list of possible buyers of French car maker PSA Group’s 50% stake in Shenzhen-based Capsa, which builds cars under PSA’s premium DS brand, a PSA spokesman said on Friday. PSA’s board will...
PSA readying sale of its stake in Chinese tie-up with Changan
Peugeot maker PSA Group is preparing to sell its 50% stake in a joint venture with Chinese partner Chongqing Changan Automotive, a spokesman for the French carmaker said on Thursday. Changan has already signaled in...
Competition watchdog approves Toyota Motor-Suzuki Motor Corp minority stake deal
The Competition Commission of India on Tuesday said it has approved the minority stake purchase deal of Toyota Motor Corporation and Suzuki Motor Corporation. The transaction involves acquisition of a “minority...
MG Motor India partners Exicom Tele-Systems to re-use batteries for ZS EV
MG Motor India on Tuesday said it has partnered with Exicom Tele-Systems for second-life use of batteries which would be deployed in its upcoming electric model ZS. As part of the partnership, Exicom will re-use...
China’s BAIC willing to increase Daimler holding after 5% stake buy – sources
Daimler’s main Chinese joint venture partner BAIC Group has signalled its intention to increase its stake in the German luxury car manufacturer, sources briefed on the matter said, after it built up a 5% Daimler holding...
Fiat Chrysler shrugs GM lawsuit, says confident of Peugeot deal by Dec
Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the...
